StandardAero Sets Price for Increased 60M Share IPO at $24 per Share

StandardAero, Inc. (SARO) has announced the pricing of its initial public offering (IPO), set to offer 60,000,000 shares of its common stock at a price of $24.00 per share. This total includes 53,250,000 shares to be issued and sold by StandardAero and 6,750,000 shares to be sold by existing shareholders. The offering size has increased from the previously planned 46,500,000 shares. Trading of StandardAero’s common stock is expected to commence on The New York Stock Exchange under the ticker symbol “SARO” on October 2, 2024, with the offering anticipated to close on October 3, 2024, pending the fulfillment of standard closing conditions.

Additionally, the selling shareholders have granted underwriters a 30-day option to purchase up to an additional 9,000,000 shares of common stock at the IPO price, which represents an increase from the earlier announced option of 6,975,000 shares.

The lead book-running managers for this offering include J.P. Morgan, Morgan Stanley, BofA Securities, UBS Investment Bank, Jefferies, and RBC Capital Markets. Other participants in the offering include Carlyle, CIBC Capital Markets, HSBC Securities (USA) Inc., Mizuho Securities USA LLC, Societe Generale, and the Wolfe | Nomura Alliance as joint book-running managers. Citizens JMP Securities, LLC, Macquarie Capital, Santander, AmeriVet Securities, Inc., and Drexel Hamilton, LLC will act as co-managers.

A registration statement on Form S-1 for these securities was declared effective by the Securities and Exchange Commission on October 1, 2024. The offering is being conducted solely through a prospectus.

This announcement does not constitute an offer to sell or the solicitation of an offer to purchase these securities, nor will there be any sale in states or jurisdictions where such offers would be illegal prior to registration or qualification under the securities laws of those states or jurisdictions.